If property values are stable or increasing, your strategy might be solid.Exit Strategy Since you plan to refinance in 12-18 months, consider what happens if interest rates don't drop or if refinancing terms aren't favorable at that time.Questions you might want to askAre there any zoning or regulatory issues with converting or renting the units as mid-term rentals?

Ceiling fans need to be secured differently than a basic ceiling to be stable and this is of course electrical work so allowing a tenant to potentially do it is a liability issue if they got injured. 2.

He said he keeps his in his personal name and just gets extra liability insurance vs putting them in LLCs.

Change PMCs as necessary.Move and rent out your unit.In high-priced areas, it is common for properties to negative cashflow until rental increases outpace increases in taxes and insurance.

It's also about filling the gap in your area for insurance.

If so, do you have any advice on this particular situation with regards to insurance coverage?

I would recommend look at property taxes and insurance costs and factor those into your projected monthly payments.

It also makes Renter's insurance verification a breeze.I decided to try their premium features as with 29 units the yearly flat fee seem to justify the faster deposits, faster syndication, faster CS support.

"Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collateral to a loan.

The new investment earns $24,000 a year, but the mortgage + the equity loan cost will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.